Tag: sequoia capital india

Lio raises ₹37 crore from Sequoia Capital India, Lightspeed India

Banking & Finance

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IT start-up Lio on Wednesday said it has raised around ₹37 crore in a seed funding round led by Sequoia Capital India and Lightspeed India.

The company plans to use the investment primarily to expand its engineering team and increase the number of users of the mobile application.

“The investment by Lightspeed India and Sequoia Capital India helps accelerate Lio’s vision of enabling small businesses to be smarter by leveraging their business data for better decision making. We aim to achieve this by helping people organise their data,” Lio Co-founder and CEO Anupam Vijayvergia said in the statement.

Tools provided by Lio

Lio provides variety of tools for tabulation, calculation and organising needs, such as creating tables of customer, stocks, payment data for businesses or organising to-do lists, class schedules or wedding registries.

It was launched in November 2020, and claims to have recorded 10 lakh downloads on the app store within 9 months.

In July 2021, the app was also launched in Indonesia, and has seen strong adoption.

Currently, the application is available in 10 Indian languages and Bhasha indonesia, with approx 45 per cent usage in vernacular languages, the statement said.

“Lio had raised an angel round from prominent names in the industry including Aakrit Vaish, Anupam Mittal, Ashish Hemrajani, Gaurav Munjal, Haresh Chawla, Kunal Bahl, Kunal Shah, Maninder Gulati, Miten Sampat, Prakshit Dar, Rohit Bansal, Roman Saini, Sachin Bhatia, Siddharth Rao in March 2021,” it added.

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Mobile e-commerce startup Bikayi raises 10.8 mln in Series-A funding, BFSI News, ET BFSI

Personal Finance

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Bikayi, a mobile e-commerce startup has raised $10.8 million in Series-A funding round led by Sequoia Capital India. Earlier in August 2020, the company had raised $2 million as a part of its seed round of funding led by Y Combinator.

The company plans on using the raised capital to scale up their product offerings, accelerate product development, acquisition, and talent hiring.

Sonakshi Nathani, Co-founder & CEO, Bikayi, said, “We are on a mission to fulfil the aspirations of millions of small businesses that drive our economy. There are merchants who have made more than a million dollars via Bikayi e-stores in the span of a year. Such stories keep us obsessed to do better for our customers every single day.”

Bakayi plans on helping their customers to sell their products across India and make it big in the constantly evolving online commerce industry. Currently Bikayi has more than 4 million+ registered users on the platform.

“Rapid digitization of SMBs and the deepening of the e-commerce ecosystem are huge trends in India and Bikayi is building a next-gen product that sits at the confluence of both these trends. The team is excited to partner with Bikayi in their mission to empower millions of SMBs to engage their customers online,” said Shraeyansh Thakur, Vice President, Sequoia Capital India.



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